Remove Cards Remove Millennials Remove Taxes
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New Data: Receivers Value Instant Payouts Enough To Pay To Get Them

PYMNTS

Instant payments that enable the 24/7, year-round transfer of tax refunds, benefits, dividend payments and other disbursements could be key to quickly getting them money for much needed purchases within 30 minutes or less. This is in turn driving a need for fresh financial solutions that can help customers pay — and get paid — fast.

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Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends

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Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. Fast Fact No. are growing — but slowly. More than two-thirds of consumers (68.1

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Zogo: How A 21-Year-Old Duke University Grad Is Reinventing Financial Literacy

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He’s never had a single friend start a conversation with an announcement that the person doesn’t know how to do their taxes or plan for retirement. “To To be honest, this started with me and my friends sitting there not knowing how to do our taxes or how any of these things work,” he told Karen Webster in a recent conversation. “It

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Green Dot Blows Past 1Q Earnings Estimates on Prepaid and Tax Businesses

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posted results Tuesday night that blew past Street estimates, boosted by strength in its card and tax refund-focused business lines. Those tax refund recipients in turn were able to get cash advances, said the executive, all evidence of what Green Dot has termed a synergistic approach to its business. Green Dot Corp.

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The Coming Millennial FinTech Crisis

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While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

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Not Down For The Count, Cash Still Counts For Plenty

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As for demographics, Pierce stated that tech use does indeed skew younger, but that millennials do use a hybrid of cash and digital payments. He pointed to a study via Cardtronics that showed 55 percent of millennials used some form of digital payments in the previous 12 months, even as they were also using cash. do not accept cash.

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Millenials Lose More Money To Scams Than Seniors

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Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. And tax fraud was the second most common type of identity theft reported by consumers.